This comes after Auditor-General Kimi Makwetu said in the annual report (with audited financial statements) tabled in Parliament yesterday that the SABC’s books were in bad shape. He said the SABC was insolvent and unable to pay its debts.
He gave the SABC an adverse audit opinion and said the corporation had not been managing its books well.
The R976m financial loss comes after the SABC incurred a loss of R411m last year, another loss of R395m the year before and a more than R500m loss in 2014.
The auditor-general also found the SABC had irregular expenditure of more than R4.4billion, but said this could be understated as the public broadcaster did not provide information on this.